Co-Founder & CEO, FYERS
Hi Tejas, I recently opened a Fyers account and started using it from last week or so after using Zerodha which feels like since birth. Already loving Fyers web and Fyers one though found some major things missing. The most important thing I found missing is in SL order type where you dont allow trigger price and price to be entered same. This used to be same in old Zerodha and even now they have changed it so you should also allow to enter equal trigger price and price in SL orders.
A trigger price activates a Stop Loss order when the price is reached and then the order is sent to the exchange and executed based on the limit or market price. If you are long, then the trigger price has to be higher than the SL-L limit price. Why? Because the stop loss must be triggered first and then the order will get activated at the exchange. The limit price is a buffer price above which the SL must get executed. If the target and limit are the same price, then there are higher chances of the order not getting executed and your trade will continue despite the SL level being breached.